Word: bankses
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Dates: during 1990-1999
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In the days after the disaster, the man known as A.P. broke ranks with his fellow bankers, many of whom wanted area banks to remain shut to sort out the damage. Giannini quickly set up shop on the docks near San Francisco's North Beach. With a wooden plank straddling...
Most bank customers today take for granted the things Giannini pioneered, including home mortgages, auto loans and other installment credit. Heck, most of us take banks for granted. But they didn't exist, at least not for working stiffs, until Giannini came along.
'Tis the season to be sorry. Volkswagen, Mercedes-Benz and other thriving German companies are now facing class-action suits from the thousands of slave laborers forced to work in their factories during the Nazi era, while Swiss banks that once swallowed Jewish assets have offered up $1 billion to...
It now appears that the investigation into unclaimed bank accounts of Holocaust victims may cost the Swiss banking establishment a billion-plus francs (say $800 million)--perhaps more than the total value of the original deposits. The international investigating commission under PAUL VOLCKER, former chief of the Fed, says it...
"German firms have long been woefully under-represented in cross-border holdings," he says. "But thanks to the German stock market, these companies have a lot of money to spend." German banks were raised on low-excitement commercial loans -- now they want a piece of the sexy securities loot, and...